Oil tumbles toward 11-year lows on worsening glut
![Oil tumbles toward 11-year lows on worsening glut Oil tumbles toward 11-year lows on worsening glut](https://www.indoamerican-news.com/wp-content/themes/city-desk/timthumb.php?src=https%3A%2F%2Fwww.indoamerican-news.com%2Fwp-content%2Fuploads%2F2015%2F12%2Fdownload1.jpg&q=90&w=160&h=106&zc=1)
Oil prices tumbled 4 percent on Monday, coming close to their 11-year low, on growing fears that the global oil glut would worsen in the months to come in a pricing war between leading OPEC and non-OPEC producers. Brent crude fell by 4 percent to below $36.40 a barrel for the first time since December […]